Re Ends Higher At 40.38/$

Mumbai: Backed by strong dollar supplies into the domestic market, the rupee strengthened by five paise against the greenback on July 10. The home currency opened at 40.39/40 and after trading in a narrow range throughout the day, closed at 40.38, up from the previous close of 40.43. In forwards, the six-month premia closed at 1.71 per cent (1.79 per cent) while t he 12-month closed at 1.82 per cent (1.85 per cent).